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Thursday, May 31, 2012

☞ DWELL: 1889 Lexington Reduced Further

The once most expensive SRO building on the market in East Harlem has reduced its asking price once more in the first quarter or 2012. Number 1889 Lexington Avenue is an occupied building with 8 units that was up on the market for $1.25 million back in summer 2011, reduced to $800K by December and currently is set at $699K. The shabby building is surrounded by some new construction at East 117th Street and is close to the subway stop on the corner of 116th Street. This is one of the last remaining brownstones in the area that faces the avenue and will obviously need a lot of work to renovate.